Canadian Natural Resources (CNQ) Operating Margin (2009 - 2026)
Canadian Natural Resources (CNQ) recorded Operating Margin of -79.78% in the year ended Dec 31, 2025, up 14.03 percentage points from -93.81% a year earlier.
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Analysis
Canadian Natural Resources (CNQ) Operating Margin (2009 - 2026) Analysis & Trends
Starting with the year ended Dec 31, 2011, Canadian Natural Resources' Operating Margin history includes 15 years.
- Annual Operating Margin has a five-year change of +17.61 percentage points (years ended Dec 2020 to Dec 2025).
- The figure for the year ended Dec 31, 2025 is the highest annual Operating Margin since the year ended Dec 31, 2021.
- Per Business Quant data, CNQ's Operating Margin was -93.81% in the year ended Dec 31, 2024 (-8.54 pp), -85.27% in the year ended Dec 31, 2023 (-0.57 pp), -84.70% in the year ended Dec 31, 2022 (-20.34 pp) and -64.36% in the year ended Dec 31, 2021 (+33.03 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 739.80 Bn | 696.28 Bn | - | - |
| 2 | Chevron | 442.57 Bn | 414.69 Bn | 33.45 Bn | -28.44% |
| 3 | Shell | 310.03 Bn | 239.78 Bn | 30.13 Bn | 22.64% |
| 4 | TotalEnergies SE | 197.28 Bn | 77.86 Bn | 61.77 Bn | 24.82% |
| 5 | Conocophillips | 177.11 Bn | 149.82 Bn | 12.81 Bn | 53.17% |
| 6 | Equinor Asa | 118.32 Bn | 32.77 Bn | - | 36.94% |
| 7 | Phillips 66 | 116.74 Bn | 104.53 Bn | 8.38 Bn | -74.35% |
| 8 | Canadian Natural Resources | 113.52 Bn | 110.52 Bn | 8.84 Bn | 81.91% |
| 9 | Suncor Energy | 95.28 Bn | 81.03 Bn | - | 3.43% |
| 10 | Eni Spa | 88.98 Bn | 33.54 Bn | - | 5.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 81.91% |
| Mar 31, 2026 | 64.75% |
| Dec 31, 2025 | -177.15% |
| Sep 30, 2025 | 74.07% |
| Jun 30, 2025 | 76.12% |
| Mar 31, 2025 | 78.34% |
| Dec 31, 2024 | 193.58% |
| Sep 30, 2024 | 80.36% |
| Jun 30, 2024 | 73.58% |
| Mar 31, 2024 | 69.02% |
| Dec 31, 2023 | 161.19% |
| Sep 30, 2023 | 71.40% |
| Jun 30, 2023 | 70.81% |
| Mar 31, 2023 | 71.29% |
| Dec 31, 2022 | 196.20% |
| Sep 30, 2022 | 81.89% |
| Jun 30, 2022 | 83.91% |
| Mar 31, 2022 | 82.89% |
| Dec 31, 2021 | 75.88% |
| Sep 30, 2021 | 69.15% |
API Access
Canadian Natural Resources Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();